Graphite India Shares Drop 7% as Q2 Profit Plunges 60.5% YoY

India shares closed 7.23% lower at ₹535.50 on the NSE on November 10, 2025, after the company reported a sharp 60.5% year-on-year decline in consolidated net profit to ₹77 crore for Q2 FY26, down from ₹195 crore in the same quarter last year. The steep fall in profitability was primarily driven by lower electrode prices and compressed operating margins amid challenging market conditions in the graphite electrode segment.